FXstreet.com (Jakarta) - The Japanese Yen (JPY) gained as heavy longs on the AUDJPY and the EURJPY were paired for profits on Tuesday. Surprisingly, reports the North Korea were poised to launch short range missiles had little impact.
The Yen was further supported following calls by FinMin Fujii for Government to cut spending plans in 2010/11. Overall the USDJPY traded with a low of 89.41 and a high of 90.19 before closing the day at 89.70, said Easy Forex Team.
The BoJ conclude their two day meeting widely expected to hold with focus on the Press Conference as the market looks for indication on ending corporate buying and any mention of concern surrounding the JPY strength.